Blue Horizon Global Capital (XCNQ:BHCC) EBIT : C$-0.29 Mil (TTM As of Sep. 2023)

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What is Blue Horizon Global Capital EBIT?

Blue Horizon Global Capital's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was C$-0.02 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was C$-0.29 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Blue Horizon Global Capital's annualized ROC % for the quarter that ended in Sep. 2023 was -12.10%. Blue Horizon Global Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Blue Horizon Global Capital's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -5.44%.

Blue Horizon Global Capital EBIT Historical Data

The historical data trend for Blue Horizon Global Capital's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Blue Horizon Global Capital EBIT Chart

Blue Horizon Global Capital Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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-1.44

-3.86

-0.10

-0.04

0.16

Blue Horizon Global Capital Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial															0.16	-0.01	-0.02	-0.24	-0.02

Competitive Comparison of Blue Horizon Global Capital's EBIT

For the Asset Management subindustry, Blue Horizon Global Capital's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Blue Horizon Global Capital's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Blue Horizon Global Capital's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Blue Horizon Global Capital's EV-to-EBIT falls into.

Blue Horizon Global Capital EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.29 Mil.

Blue Horizon Global Capital (XCNQ:BHCC) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Blue Horizon Global Capital's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-0.112 * ( 1 - 0% )	/	( (0.924	+	0.928)	/ 2 )
=	-0.112	/	0.926
=	-12.10 %

where

	Invested Capital		(Q: Jun. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	0.917	-	0.173	-	( 0.076	-	max(0, 0.679	-	0.499	+	0.076	))
=	0.924

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	0.906	-	0.184	-	( 0.063	-	max(0, 0.694	-	0.488	+	0.063	))
=	0.928

Note: The Operating Income data used here is four times the quarterly (Sep. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Blue Horizon Global Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.088	/	( ( (0 + max(-0.516, 0))	+	(0 + max(-0.528, 0)) )	/	2 )
=	-0.088	/	( ( 0	+	0 )	/	2 )
=	-0.088	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.02	+	0	+	0.005)	-	(0.173	+	0	+	0.368)
=	-0.516

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.021	+	0	+	0.002)	-	(0.184	+	0	+	0.367)
=	-0.528

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Blue Horizon Global Capital's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-0.288	/	5.296
	=	-5.44 %

Blue Horizon Global Capital EBIT Related Terms

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Blue Horizon Global Capital (XCNQ:BHCC) Business Description

Industry

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MOOIF:USA

Address

196 Wildcat Road, North York, ON, CAN, M3J 2N5

Website

http://www.sensetekinc.com

Blue Horizon Global Capital Corp is an investment company whose primary objective is to identify promising companies with excellent projects, innovative technologies or both, using management's extensive experience in deal sourcing and capital combination to maximize returns for its shareholders. Blue Horizon will invest its funds with the aim of generating returns from capital appreciation and investment income.

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